Carey Credit Income Fund Announces Third Quarter 2015 Distributions

Aug 19, 2015, 07:30 ET from Carey Credit Income Fund

NEW YORK, Aug. 19, 2015 /PRNewswire/ -- W. P. Carey Inc. and Guggenheim Partners, LLC announced today that Carey Credit Income Fund (CCIF) reported distributions for its feeder funds, Carey Credit Income Fund 2016 T (CCIF 2016 T) and Carey Credit Income Fund – I (CCIF – I).

CCIF's Board of Trustees has declared the following weekly distribution rates for the third quarter of 2015. Distributions will be paid in aggregate on September 30, 2015. 


CCIF 2016 T

 

Public Offering Price: $9.55

Annualized Distribution Rate: 7.0%

CCIF – I

 

Public Offering Price: $9.28

Annualized Distribution Rate: 7.2%

Record Date

Distribution Rate Per Share

Distribution Rate Per Share

August 18, 2015

$0.012860

$0.012860

August 25, 2015

$0.012860

$0.012860

September 1, 2015

$0.012860

$0.012860

September 8, 2015

$0.012860

$0.012860

September 15, 2015

$0.012860

$0.012860

September 22, 2015

$0.012860

$0.012860

September 29, 2015

$0.012860

$0.012860

About Carey Credit Income Fund
CCIF is a non-traded business development company (BDC) that seeks to invest primarily in large, privately-negotiated loans to private middle market U.S. companies, with a focus on senior secured debt investments. CCIF is advised by Carey Credit Advisors, LLC, an affiliate of W. P. Carey, as the advisor, and Guggenheim Partners Investment Management, LLC, an affiliate of Guggenheim Partners, as the sub-advisor. For more information, please visit www.careycredit.com.

About W. P. Carey Inc.
W. P. Carey is a leading publicly-traded global net lease REIT that provides long-term sale-leaseback and build-to-suit financing solutions for companies worldwide. At June 30, 2015, W. P. Carey had an enterprise value of approximately $10.4 billion. In addition to its owned portfolio of diversified global real estate, W. P. Carey manages a series of non-traded publicly registered investment programs with assets under management of approximately $10.4 billion. Its corporate finance-focused credit and real estate underwriting process is a constant that has been successfully leveraged across a wide variety of industries and property types. Furthermore, its portfolio of long-term leases with creditworthy tenants has an established history of generating stable cash flows, enabling it to deliver consistent and rising income to investors for over four decades. For more information, please visit www.wpcarey.com.

About Guggenheim Partners, LLC
Guggenheim Partners is a global investment and advisory firm with more than $240 billion in assets under management as of June 30, 2015*. Across its three primary businesses of investment management, investment banking, and insurance services, it has a track record of delivering results through innovative solutions. Guggenheim's Corporate Credit team, which is comprised of over 100 dedicated investment professionals, has experience managing fixed-income portfolios, and manages a credit portfolio of approximately $68 billion as of June 30, 2015. Guggenheim's long-term investment focus combined with an emphasis on downside protection has made it the investment manager of choice for many insurance companies, public pensions, foundations, and high-net-worth investors. For more information, please visit www.guggenheimpartners.com.

Cautionary Statement Concerning Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Federal securities laws. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control, are difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. CCIF, CCIF 2016 T and CCIF – I undertake no obligation to update any forward-looking statements contained herein to conform the statements to actual results or changes in their expectations. A number of factors may cause CCIF's, CCIF 2016 T's or CCIF – I's actual results, performance or achievement to differ materially from those anticipated. For further information on factors that could impact CCIF, CCIF 2016 T or CCIF – I performance, please review CCIF's, CCIF 2016 T's and CCIF – I's respective filings at the SEC website at www.sec.gov.

Certain Information About Distributions
The determination of the tax attributes of CCIF 2016 T's and CCIF – I's distributions are made annually as of the end of its fiscal year based upon its taxable income and distributions paid, in each case, for the full year. Therefore, a determination made on a quarterly basis may not be representative of the actual tax attributes of CCIF 2016 T's and CCIF – I's distributions for a full year. CCIF 2016 T and CCIF – I intend to update stockholders quarterly with an estimated percentage of its distributions that resulted from taxable ordinary income. The actual tax characteristics of distributions to stockholders will be reported to stockholders annually on Form 1099-DIV.  The payment of future distributions on common shares are subject to the discretion of its Board of Trustees and applicable legal restrictions and, therefore, there can be no assurance as to the amount or timing of any such future distributions.

*Assets under management include consulting services for clients whose assets are valued at approximately $49 billion.

Company contact:
Brittany Rooney 
W. P. Carey Inc. 
212-492-8921 
brooney@wpcarey.com  

 

Press contact:
Guy Lawrence
Ross & Lawrence
212-308-3333 
gblawrence@rosslawpr.com  

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SOURCE Carey Credit Income Fund



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